So OYO, hospitality tech platform, they finally filed that updated draft red herring prospectus the UDRHP for an IPO. They’re aiming to raise up to ₹6,650 crore through this fresh equity issue.
It's interesting how structured this is, or maybe it just feels like paperwork piling up. The key thing right off the bat is that they aren't doing an offer for sale (OFS). Meaning, existing shareholders? They don’t dilute their stake in the process. That part is neat, I guess.
But there’s a bit more moving around before things go public. There’s this pre-IPO placement thing floating around. OYO might try to raise up to ₹1,330 crore beforehand. If they pull that off, that amount gets taken out of the total fresh issue size. A little maneuvering right at the start.
They got the Green light from SEBI for the IPO earlier this month. They had already submitted those draft papers back in December 2025 after getting shareholder sign-off on raising the initial big chunk.
Now, where does all that money actually go? The UDRHP details it: they plan to use about ₹4,987.5 crore just to sort out some outstanding borrowings repaying or prepaying debt. Everything else is supposed to be for general corporate purposes. Standard stuff, really.
And this brings up the exit question again. It's all structured as a fresh issue. Nobody gets to sell their shares through this offering. Major players like SoftBank’s SVF India Holdings, Microsoft, Airbnb they aren’t participating in any share sale at all. Just sitting there.
The numbers on performance are starting to look better too. For the first nine months of FY26, OYO brought in revenue from operations hitting ₹6,941 crore. That's an eleven percent jump compared to last year’s figure of ₹6,259 crore in FY25.
Profit after tax jumped up significantly, too. It hit ₹748 crore, way up from just ₹245 crore the previous financial year. EBITDA more than doubled it shot up to ₹2,127 crore, compared to ₹953 crore a year ago. That’s excluding some of those exceptional items and share-based payments, but even so, it looks solid.
On the operational side, they've been building the network globally. As of December 31, 2025, OYO was running 243,303 hotels and 144,583 homes across different markets. In India specifically, things are growing too. The number of company-serviced hotel storefronts there jumped to 1,573 by the end of that year. That’s up from just 1,053 nine months prior. It shows they are still pushing into their home market. A real expansion happening.
Written by Gree News Team — Senior Editorial Board
Gree News Team covers international news and global affairs at Gree News. Our collective of senior editors is dedicated to providing independent, accurate, and responsible journalism for a global audience.
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